Security software maker Symantec (SYMC), which is preparing to split into two companies, late Thursday reported fiscal Q4 revenue and earnings that slightly missed analyst expectations, as did its outlook for the current quarter. Symantec reported earnings per share excluding items of 43 cents for the quarter ended April 3, down 10% from the year-earlier quarter. Non-GAAP revenue fell 6% to $1.55 billion, while overall revenue fell 7% to $1.52
Symantec (SYMC) is expected to post a decline in revenue and earnings when it reports its fiscal Q4 earnings after the close Thursday. Analysts polled by Thomson Reuters forecast earnings per share excluding items of 44 cents for the quarter ended April 3, down 6.4% from the year-earlier quarter. Revenue is expected to fall 5.6% to $1.56 billion. The Mountain View, Calif.-based company is poised to split into two companies, one focused on security
Symantec’s (SYMC) CEO spoke of “continued momentum,” but the security software vendor late Thursday reported mixed fiscal Q3 earnings and lowered its guidance. At least one investment bank lowered its price target on Symantec stock. The Mountain View, Calif.-based network security and information management company also announced a $1 billion buyback program. “After factoring in a 5.5% currency headwind to Symantec’s fiscal Q3 (ended Jan. 2)